Recently Renovated Colorado Springs
6875 Space Village Ave, Colorado Springs, CO 80915
90-room hotel near Peterson Space Force Base for sale.
Type:Hospitality
Property size:
38,191 SFLot size:
2.19 AcresPrice / SF:
$163/SF- Added:
- Mar 11, 2026
- Days on Market:
- 82
- Last Refresh:
- Mar 19 at 10:49 pm
Property Features for 6875 Space Village Ave
General Information
- Standard status
- Active
- Size
- 38,191 SF
- Lot size
- 2.19 Acres
- Property subtype
- Hospitality
Building Details
- Year Built
- 1985
Listing agent Dooley Batnasan License #FA.100086397
Listing office Jamis Companies Inc
Listing date Mar 11, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Jamis Companies Inc
HighLights
- Strong historical financial performance with over $1.8 million in annual revenue for the past three years.
- Strategic location near Highway 24, providing excellent visibility and accessibility.
- Recently renovated in 2025 with approximately $400,000 in capital improvements, including a new boiler system.
- 20 exterior corridor suites offer a unique repositioning opportunity for conversion into multifamily housing or assisted living units.
- Located within a federally designated Opportunity Zone, creating potential tax advantages for investors.
- Features 90 rooms, including 20 suites with kitchenettes, living rooms, and separate bedrooms.
Overview
The Travelodge by Wyndham Peterson SFB is a recently renovated 90-room limited-service hotel in Colorado Springs. The property underwent approximately $400,000 in capital improvements in 2025, including a new boiler system and cosmetic upgrades. It consists of a 70-room interior corridor main building and a 20-room exterior corridor suites building, totaling 38,191 square feet on 2.19 acres. The suites include kitchenettes, living rooms, and separate bedrooms. The hotel is located near Highway 24, providing visibility and accessibility for travelers entering Colorado Springs from the east via Highway 94. Demand drivers include military, corporate, construction, and leisure travel, with nearby attractions such as Peterson Space Force Base, United States Air Force Academy, Garden of the Gods, Pikes Peak, Cheyenne Mountain Zoo, Manitou Springs, and the United States Olympic & Paralympic Training Center. The property has generated over $1.8 million in annual revenue during the past three years, with a RevPAR index above 130 compared to its competitive set. The hotel is located within a federally designated Opportunity Zone. The 20 exterior corridor suites provide a repositioning opportunity for conversion into multifamily housing or assisted living units, supported by flexible CC CAD-O zoning. There is an onsite manager’s apartment, minimal expected franchise Property Improvement Plan (PIP) requirements, and the ability to further increase revenue through operational improvements and repositioning.
Location Intelligence
Current Use by Public Records
Travelodge by Wyndham ...
Hotel & Motel
Kelley Brothers Pest ...
Garden Center
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.6989673
- Latitude
- 38.8381764
Nearby Similar for Sale
FAQs
What type of property is this?
Motel - 90-room hotel near Peterson Space Force Base for sale.
Where is this motel located?
The property is located at 6875 Space Village Ave Colorado Springs, CO.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: Strong historical financial performance with over $1.8 million in annual revenue for the past three years.; Strategic location near Highway 24, providing excellent visibility and accessibility.; Recently renovated in 2025 with approximately $400,000 in capital improvements, including a new boiler system.
